EURUSD short Idea MOOLAH FORMATION
The market moves up, the market moves down. If you are a naked
trader, you will probably note that the turning points in the market
coincide with the support and resistance zones.
-If the market touches a zone twice in succession, it will often move
away from the zone
-Two touches on a zone from below suggests a market top
-When the market makes lower highs, it will often continue downward
-A bearish candlestick on a resistance zone suggests the market will
trade lower
-A Moolah trade is only valid if there are at least six candlesticks
between the first and second touches.
trader, you will probably note that the turning points in the market
coincide with the support and resistance zones.
-If the market touches a zone twice in succession, it will often move
away from the zone
-Two touches on a zone from below suggests a market top
-When the market makes lower highs, it will often continue downward
-A bearish candlestick on a resistance zone suggests the market will
trade lower
-A Moolah trade is only valid if there are at least six candlesticks
between the first and second touches.
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